WASHINGTON, D.C. (WBRC) – Congressman Artur Davis is looking to keep oil companies from not paying for oil spill damages.
A new bill introduced by Davis and four other House Democrats would raise the liability cap from $75 million to $10 billion. Additionally, the $1 billion per incident cap on claims against the Oil Spill Liability Trust Fund would be eliminated and states and community responders would be allowed to access the fund up front instead of waiting for reimbursement.
"This legislation will make BP and any other responsible company fully accountable for the environmental havoc that is threatening Alabama's coastline" stated Congressman Davis. "While the oil industry will not be happy about it, the petroleum business is a multi-billion dollar enterprise that has enjoyed record profits in the past decade and must be made to understand that a catastrophic oil spill is simply unacceptable. I hope that the House leadership will bring this legislation to the floor promptly in the interests of making BP and others pay their fair share."
This legislation is the House companion bill of the Big Oil Bailout Prevention bills introduced by Senate Democrats.
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